BES accusation

The leader of a Portuguese political party has openly accused one of Portugal’s largest banks of receiving money from disgraced former Chilean dictator Augusto Pinochet.

Francisco Louçã made his accusations against Banco Espírito Santo (BES) on Friday in the Portuguese parliament, stating that the bank had received part of the fortune of the dead dictator.

The left-wing politician of the Bloco Esquerda Party made the statements on the margins of a debate into financial corruption and the necessity to ease bank secrecy laws in cases where corruption, tax evasion, money laundering and undeclared fortunes are concerned.

The bank has widely and strongly refuted the allegations, which were printed in both the UK’s Financial Times and US Forbes business magazine.

Ricardo Salgado, the CEO of BES accused the left wing political leader of “having a strange and pathological obsession with BES” and of “lying on purpose” adding that the bank had “never had any kind of financial relationship with Augusto Pinochet.”

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